Catylist ID:
#30296334
| Catylist Listing ID: | 30296334 |
| Property Subtypes: | Medical, Office Building, Research & Development |
| Building Size (RSF): | 40,690 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 3.65 Acres |
| Sale Price: | $3,975,000 |
| Unit Price: | $97.69 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class B |
| Sale Terms: | Undisclosed |
| Cap Rate: | 8.1% |
| Average Occupancy Rate: | 82 |
| Last Updated: | 10/15/2018 |
Overview / Comments
|
2277 Thunderstick Drive is a 40,690 square foot single story lab/professional office building situated on 3.65 acres. Built in 1988, the building has Class A construction with steel, brick veneer, and glass panels. The property is zoned P-1 (Professional Office) and comes with approximately 220 parking spaces at a ratio of 5.4/1,000 SF. Property Highlights: -0.4 Miles from I-75 -220 Parking Spaces/5.4 per 1,000 SF -8.1% in Place Cap Rate/82% Occupied -Valuable in place Laboratory Infrastructure -Value Add - Vacancy Lease up, Owner Occupant, and Load Factor Conversion -Proximal Hospitality, Retail, and Dining Amenities |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Fayette |
| Zoning: | P-1 |
| Area Description: | Located in Executive Park off of Winchester Road in east Lexington. The property is extremely well located 0.4 miles from I-75 and 1.4 miles away from the I-75/I-64 cross. The property is situated across from the Hamburg Pavilion providing Tenants and visitors an abundance of hospitality, shopping, dining, banking, residential, multifamily, and educational amenities. |
| Total Number of Buildings: | 1 |
| Year Built: | 1988 |
| Parking Ratio: | 5.4 (per 1000 SF) |
| Parking Type: | Surface |
| Total Parking Spaces: | 220 |
| Sprinklers: | Wet |
| Zoning Description: | Professional Office |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,617 | 62,260 | 168,904 |
| Median Age: | 35.49 | 36.57 | 34.72 |
| Households: | 1,602 | 27,493 | 72,763 |
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